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2021 Special Districts Financial Transactions Report-ERGA1/13/22, 12:26 PM Cover Page - LGRS Online SPECIAL DISTRICTS' FINANCIAL TRANSACTIONS REPORT Reporting Year: 2021 Certification: COVER PAGE Special District of Encinitas Ranch Golf Authority ID Number: 12503704000 I hereby certify that, to the best of my knowledge and belief, the report forms fairly reflect the financial transactions of the special district in accordance with the requirements as prescribed by the California State Controller. Special District Fiscal Officer Director of Finance LUb1,W;77aJA4a, Signature Title Teresa McBroome 1/13/2022 Name (Please Print) Date Per Government Code section 53891(a), this report is due within seven months after the close of the fiscal year or within the time prescribed by the Controller, whichever is later. The report shall contain underlying data from audited financial statements prepared in accordance with generally accepted accounting principles, if this data is available. If submitted manually, please complete, sign, and mail this cover page to either address below: Mailing Address: Express Mailing Address: State Controller's Office State Controller's Office Local Government Programs and Services Division Local Government Programs and Services Division Local Government Reporting Section Local Government Reporting Section P.O. Box 942850 3301 C Street, Suite 700 Sacramento, CA 94250 Sacramento, CA 95816 The Financial Transactions Report was successfully submitted to the State Controller's Office on 1/13/2022 12:12:07 PM https://Igrsonline.sco.ca.gov/collection/coverpage 1/1 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online Reporting Year: 2021 District Mailing Address Special District of Encinitas Ranch Golf Authority Special Districts' Financial Transactions Report General Information Street 1 1505 S. Vulcan Avenue ❑ Has Address Changed? Street 2 City lEncinitas State CA Zip 920243633 Email tmcbroome@encinitasca.gov Members of the Governing First Name M. I. Last Name Title Member 1 lRichard I Houk Chair Member 2 lCindy Jacob I Vice Chair Member 3 iParnela Antil Board Member Member 4 Jill I Bankston Board Member Member 5 Jennifer I Campbell I Board Member Member r,iscai urncers First Name M. I. Last Name Title Email Official 1 iTeresa McBroome Director of Finance I tmcbroome@encinitasca.gov Official 1Kathy Hollywood Secretary khollywood@encinitasca.gov Officials —Report Prepared By First Name iMonica M. I. = Last Name lAttili Telephone (760) 633-2659 Email mattili@encinitasca.gov —Independent Auditor Firm Name IDavis Farr LLP First Name Jennifer M. I. = Last Name Farr Telephone (949) 783-1740 1. Is this district a component unit of a City, County, or Special District (Choose one)? If "Yes", answer question 2. O Yes O No 2. Is this district a blended component unit (BCU) or a discretely presented component unit (DPCU) of a City, County, or Special District (Choose one)? Refer to the Financial Transactions Report (FTR) instructions for definitions of these terms. If the district is a BCU, answer questions 3 - 5. O BCU O DPCU 3. Is financial data of this BCU included in the financial statements or Annual Comprehensive Financial Report (ACFR) of a City, County, or Special District (Choose one)? O City O County O Special District 4. In which City, County, or Special District financial statements or ACFR is the financial data of this BCU included? City name: County name: https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 1117 1/13/22, 12:29 PM Special District name: SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online 5. Is financial data of this BCU included in the City, County, or Special District FTR (Choose one)? p yes O No https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 2/17 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online Special District of Encinitas Ranch Golf Authority Special Districts' Financial Transactions Report Other Enterprise Fund Statement of Revenues, Expenses, and Change in Fund Net Position Reporting Year: 2021 R01. Enterprise Fund Name (Specify) (1 of 1) (Record Completed) I Recreation and Park Enterprise Operating Revenues R02. Charges for Services 6,ta5,69� R02.5 Self -Insurance Only - Member Contributions R03. Other Operating Revenues 294,916 R04. Total Operating Revenues $6,aac,ao7 Operating Expenses R05. Personnel Services 1,7s5,ss2 R06. Contractual Services 1,a2t,sos R07. Materials and Supplies aas,222 R08. General and Administrative Expenses 269,427 R09. Depreciation and Amortization Expenses 313,139 Self -Insurance Only R09.5 Claim Adjustments R09.6 Claims Paid R10. Other Operating Expenses R11. Total Operating Expenses $4,638,478 R12. Operating Income (Loss) $1,8oz,3z9 Nonoperating Revenues R13. Investment Earnings s,ao6 R14. Rents, Leases, and Franchises ae,216 Taxes and Assessments SD15. Current Secured and Unsecured (1%) SD16. Voter -Approved Taxes SD17. Pass -through Property Taxes (ABX1 26) SD18. Property Assessments SD19. Special Assessments SD20. Special Taxes SD21. Prior -Year Taxes and Assessments SD22. Penalties and Cost of Delinquent Taxes and Assessments Intergovernmental - Federal R23. Aid for Construction R24. Other Intergovernmental - Federal Intergovernmental - State R25. Aid for Construction SD26. Homeowners Property Tax Relief SD27. Timber Yield R28. In -Lieu Taxes R29. Other Intergovernmental - State R30. Intergovernmental - County https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 3/17 1/13/22, 12:29 PM R31. Intergovernmental — Other R32. Gain on Disposal of Capital Assets R33. Other Nonoperating Revenues R34. Total Nonoperating Revenues Nonoperating Expenses SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online $77,410 R35. Interest Expense 295,301 R36. Loss on Disposal of Capital Assets R37. Other Nonoperating Expenses 139,192 i Total Nonoperating Expenses $434,493 R39. Income (Loss) Before Capital Contributions, Transfers, and Special $1,aa5,2as and Extraordinary Items Capital Contributions R40. Federal R41. State R42. County R43. Other Government R44. Other Capital Contributions R45. Total Capital Contributions R45. Transfers In R47. Transfers Out Special and Extraordinary Items R47.5 Special Item R47.6 Extraordinary Item R47.7 Total Special and Extraordinary Items i Change in Net Position R49. Net Position (Deficit), Beginning of Fiscal Year R50. Adjustment R51. Reason for Adjustment R52. Net Position (Deficit), End of Fiscal Year Net Position (Deficit) R53. Net Investment in Capital Assets R54. Restricted R55. Unrestricted R55. Total Net Position (Deficit) $0 $1,445,246 $2,509,230 $3,954,476 1, 292,627 2, 661,849 $3,954,476 https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 4117 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online Special District of Encinitas Ranch Golf Authority Special Districts' Financial Transactions Report Long -Term Debt Bonds and COPs Go to Report: Detail Summary of Long -Term Debt Reporting Year: 2021 SD01. Districtwide or Improvement District/Zone Districtwide SD02. Improvement District/Zone (if applicable) R03. Purpose of Debt (1 of 1) (Record Completed) 2012 Bonds used to Refund 2004 Bonds which 1 R04. Nature of Revenue Pledged Gross Golf Course Revenue R05. Percent of Pledge 100% R06. Debt Type Revenue Bonds v ROT Fund Type Enterprise SD08. Activity Recreation and Park Enterprise R09. Year of Issue 2012 R10. Beginning Maturity Year 2013 R11. Ending Maturity Year 2031 R12. Principal Authorized 9,915,000 R13. Principal Issued to Date 9,915,000 R14. Principal Unspent R15. Principal Payable, Beginning of Fiscal Year $6,682,610 R16. Adjustment to Principal in Current Fiscal Year R17. Reason for Adjustment to Principal in Current Fiscal Year R18. Principal Issued in Current Fiscal Year R18.5 Bond Discount/Premium at Issuance in Current Fiscal Year R19. Principal Paid in Current Fiscal Year 495,000 R19.5 Bond Discount/Premium Amortized in Current Fiscal Year -5,739 R20. Principal Defeased in Current Fiscal Year R21. Principal Payable, End of Fiscal Year $6,193,349 R22. Principal Payable, Current Portion 510,000 R23. Principal Payable, Noncurrent Portion $5,683,349 R24. Interest Paid in Current Fiscal Year 297,563 R25. Principal Delinquent, End of Fiscal Year R26. Interest Delinquent, End of Fiscal Year R27. Amount Held in Reserve 801,738 https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 5/17 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online Special District of Encinitas Ranch Golf Authority Special Districts' Financial Transactions Report Detail Summary of Long -Term Debt Back to Form: Long -Term Debt Reporting Year: 2021 Year of Principal Principal Principal Principal Principal Principal Interest Issue Payable, Issued in Paid in Payable, End Payable, Payable, Paid in Beginning of Current Current of Fiscal Year Current Noncurrent Current Fiscal Year Fiscal Year Fiscal Year Portion Portion Fiscal Year Enterprise Revenue Bonds 2012 Bonds used to Refund 2012 6,682,610 2004 Bonds which financed Capital Improvements to Golf Course Total Enterprise Debt: $6,682,610 0 495,000 6,193,349 510,000 5,683,349 297,563 $0 $495,000 $6,193,349 $510,OOD $5,683,349 $297,563 https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 6117 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online Special District of Encinitas Ranch Golf Authority Special Districts' Financial Transactions Report Other Long -Term Debt Loans, Notes, and Other Go to Report: Detail summary of Other Long -Term Debt Reporting Year: 2021 R01. Purpose of Debt (1 of 1) (Record Completed) To Finance Construction of Golftec Building v R02. Nature of Revenue Pledged Gross Golf Course Revenue R03. Debt Type Other R04. Fund Type Enterprise v SD05. Activity Recreation and Park Enterprise v R06. Year of Issue 2015 R07. Beginning Maturity Year 2015 R08. Ending Maturity Year 2022 R09. Principal Authorized 260,000 R10. Principal Received to Date 260,000 R11. Principal Unspent R12. Principal Outstanding, Beginning of Fiscal Year $63,310 R13. Adjustment to Principal in Current Fiscal Year R14. Reason for Adjustment to Principal in Current Fiscal Year R15. Principal Received in Current Fiscal Year R16. Principal Paid in Current Fiscal Year 46,737 R17. Principal Refinanced in Current Fiscal Year R18. Principal Outstanding, End of Fiscal Year $16,573 R19. Principal Outstanding, Current Portion 16,573 R20. Principal Outstanding, Noncurrent Portion $0 R21. Interest Paid in Current Fiscal Year 3,926 R22. Principal Delinquent, End of Fiscal Year R23. Interest Delinquent, End of Fiscal Year SD24. Principal Due but Not Presented (Time Warrants Only) SD25. Interest Due but Not Presented (Time Warrants Only) https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 7117 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online Special District of Encinitas Ranch Golf Authority Special Districts' Financial Transactions Report Detail Summary of Other Long -Term Debt Back to Form: Other Long -Term Debt Reporting Year: 2021 Year of Principal Principal Principal Principal Principal Principal Interest Issue Outstanding, Received in Paid in Outstanding, Outstanding, Outstanding, Paid in Beginning of Current Current End of Fiscal Current Portion Noncurrent Current Fiscal Year Fiscal Year Fiscal Year Year Portion Fiscal Year Enterprise Other To Finance Construction 2015 of Golftec Building Total Enterprise Debt: 63,310 0 46,737 16,573 16,573 0 3,926 $53,310 $D $46,737 $15,573 $15,573 $0 $3,926 https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 8/17 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online Reporting Year: 2021 Special District of Encinitas Ranch Golf Authority Special Districts' Financial Transactions Report Debt Service Reconciliation Report Debt Payments from Debt Forms R01. Long -Term Debt R02. Other Long -Term Debt R03. Construction Financing R04. Lease Obligations R05. Total Debt Payments from Debt Forms R06. Debt Service R07. Difference R08. Reason for Difference Note: (R08) Ent -Reason for Difference: Interest Expense Accrual Governmental Funds Internal Service Fund Enterprise Funds 297, 563 3,926 $0 $0 $301,489 295,301 Interest Expense Accrual https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 9/17 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online Reporting Year: 2021 Assets Current Assets Cash and Investments R01. Unrestricted R02. Restricted R03. Accounts Receivable (net) R04. Taxes Receivable R05. Interest Receivable (net) R06. Due from Other Funds Special District of Encinitas Ranch Golf Authority Special Districts' Financial Transactions Report Statement of Net Position Proprietary Funds R07. Due from Other Governments R08. Inventories R09. Prepaid Items R10. Other Current Assets 1 R11. Other Current Assets 2 R12. Total Current Assets Noncurrent Assets R13. Cash and Investments, Restricted R 14. Investments R15. Loans, Notes, and Contracts Receivable Capital Assets R16. Land R17. Buildings and Improvements R18. Equipment R 18.5 Infrastructure R 19. Intangible Assets -Amortizable R20. Construction in Progress R21. Intangible Assets- Nonamortizable R22. Other Capital Assets R23. Less: Accumulated Depreciation/Amortization R23.5 Net Pension Asset R23.6 Net OPEB Asset R24. Other Noncurrent Assets 1 R25. Other Noncurrent Assets 2 R26. Total Noncurrent Assets R27. Total Assets Deferred Outflows of Resources R28. Related to Pensions R28.5 Related to OPEB R28.6 Related to Debt Refunding Enterprise Internal Service 2,991,881 12,465 5,840 128,076 14,247 $3,152, 509 $0 801,809 4,800,000 14,295,6 55 2,930,424 -15,860,832 $6,967,046 $0 $10,1191555 $0 535,503 https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 10117 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online R29. Other Deferred Outflows of Resources R30. Total Deferred Outflows of Resources $535,503 $0 R31. Total Assets and Deferred Outflows of Resources $10,655,058 $0 Liabilities Current Liabilities R32. Accounts Payable 139,489 R33. Contracts and Retainage Payable 60,578 R34. Interest Payable 96,094 R35. Due to Other Funds R36. Due to Other Governments R37. Deposits and Advances 123,381 R38. Accrued Compensated Absences 54,761 R39. Long -Term Debt, Due Within One Year 526,573 0 R40. Other Long -Term Liabilities, Due Within One Year R41. Other Current Liabilities 1 R42. Other Current Liabilities 2 R43. Total Current Liabilities $1,000,876 $o Noncurrent Liabilities R44. Deposits and Advances, Net of Current Portion R45. Compensated Absences, Net of Current Portion 16,357 R46. General Obligation Bonds R47. Revenue Bonds 5,683,349 R48. Certificates of Participation R49. Other Bonds R50. Loans (Other Long -Term Debt) R51. Notes (Other Long -Term Debt) R52. Other (Other Long -Term Debt) R53. Construction Financing - Federal R54. Construction Financing - State R55. Lease Principal R56. Net Pension Liability R57. Net OPEB Liability R58. Other Noncurrent Liabilities 1 R59. Other Noncurrent Liabilities 2 R60. Total Noncurrent Liabilities $5,699,706 $0 R61. Total Liabilities $6,700,582 $o Deferred Inflows of Resources R62. Related to Pensions R62.5 Related to OPEB R52.5 Related to Debt Refunding R63. Other Deferred Inflows of Resources R64. Total Deferred Inflows of Resources $o $o R65. Total Liabilities and Deferred Inflows of Resources $6,700,582 $o R66. Total Net Position (Deficit) $3,954,476 $0 https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 11/17 1/13/22, 12:29 PM Net Position (Deficit) SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online R67. Net Investment in Capital Assets R68. Restricted R69. Unrestricted R70. Total Net Position (Deficit) R71. Total Liabilities, Deferred Inflows of Resources, and Net Position (Deficit) 1,292, 627 2,661, 849 $3,954,476 $10,655, 058 https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 12/17 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority- LGRS Online Special District of Encinitas Ranch Golf Authority Special Districts' Financial Transactions Report Summary Reporting Year: 2021 Governmental Funds Internal Service Fund Enterprise Fund 1 Governmental Revenues R01. General C R02. Special Revenue C R03. Debt Service C R04. Capital Projects C R05. Permanent C R06. Transportation C R07. Total Governmental Revenues $o C Internal Service Revenues ROB. Total Operating Revenues $p C R09. Total Non -Operating Revenues $o C R10. Total Internal Service Revenues $p C Enterprise Revenues Operating Revenues R11. Airport C R12. Electric C R13. Gas C R14. Harbor and Port C R15. Hospital C R16. Sewer C R 17. Solid Waste C R18. Transit C R19. Water C R20. Other Enterprise 6,44o,so7 C R21. Conduit C R22. Transportation C R23. Total Operating Revenues $6,aao,so7 C Non -Operating Revenues R24. Airport C R25. Electric C R26. Gas C R27. Harbor and Port C R28. Hospital C R29. Sewer C R30. Solid Waste C R31. Transit C R32. Water C R33. Other Enterprise 77,410 C R34. Conduit C R35. Transportation C https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 13/17 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online R36. Total Non -Operating Revenues $77,410 C R36.5 Total Revenues $o $o $6,518,217 C Governmental Expenditures R37. General C R38. Special Revenue C R39. Debt Service C R40. Capital Projects C R41. Permanent C R42. Transportation C R43. Total Governmental Expenditures $p C Internal Service Expenses R44. Total Operating Expenses $o C R45. Total Non -Operating Expenses $p C R46. Total Internal Service Expenses $p C Enterprise Expenses Operating Expenses R47. Airport C R48. Electric C R49. Gas C R50. Harbor and Port C R51. Hospital C R52. Sewer C R53. Solid Waste C R54. Transit C R55. Water C R56. Other Enterprise 4,63a,a7s C R57. Conduit C R58. Transportation C R59. Total Operating Expenses $4,638,a78 C Non -Operating Expenses R60. Airport C R61. Electric C R62. Gas C R63. Harbor and Port C R64. Hospital C R65. Sewer C R65. Solid Waste C R67. Transit C R68. Water C R69. Other Enterprise 434,493 C R70. Conduit C R71. Transportation C R72. Total Non -Operating Expenses $434,493 C R72.5 Total Expenditures/Expenses $o $o $5,072,971 C https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 14/17 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online R73. Transfer In C R74. Transfer Out C R75. Change in Fund Balance/Net Position $o $o $1,445,246 C R76. Fund Balance/Net Position (Deficit), Beginning of Fiscal Year $o $o $2,509,23o C R77. Adjustments C R78. Fund Balance/Net Position (Deficit), End of Fiscal Year $o $0 $3,954,476 C Assets R79. Total Current Assets 3,152,509 C R80. Total Noncurrent Assets 6,s67,o46 C R81. Total Assets $0 $0 $10,119,555 C Liabilities R82. Total Current Liabilities 1,000,s76 C R83. Total Noncurrent Liabilities 5,699,706 C R84. Total Liabilities $o $0 $6,700,582 C R85. Total Fund Balance/Net Position (Deficit) $o $0 $3,954,476 C https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 15/17 1/13/22, 12:29 PM SPD PrintAll 2021 Encinitas Ranch Golf Authority - LGRS Online Special District of Encinitas Ranch Golf Authority Special District Financial Transactions Report Footnotes Fiscal Year: 2021 FORM DESC FIELD NAME FOOTNOTES OtherEnterpriseFund (R02)ChargesforServices (Recreation and Park Enterprise) Operating revenue increased compared to prior year due to an increase in rounds of golf due in part to a COVID related shut down in Fiscal Year 2020. OtherEnterpriseFund (R03)OtherOperatingRevenues (Recreation and Park Enterprise) Increase in rental income due to rate increase on cell tower lease. OtherEnterpriseFund (R05)PersonnelServices (Recreation and Park Enterprise) Personnel costs increased due to an increase in operations over prior year due to a COVID related shut down in Fiscal Year 2020. OtherEnterpriseFund (R06)ContractualServices (Recreation and Park Enterprise) Contractual services increased was related to an increase in operations due to a COVID related shut down in Fiscal Year 2020. OtherEnterpriseFund (R07)MaterialsandSupplies (Recreation and Park Enterprise) Materials and Supplies increased related to an increase in operations over prior year due to a COVID related shut down in Fiscal Year 2020. OtherEnterpriseFund (R37)OtherNonoperatingExpenses (Recreation and Park Enterprise) Included in this line are amortization expense and special assessment fees for a specified portion of the Community Facilities (CFD) #1 (Mellow -Roos) bond payments. ProprietaryFunds (R01 )Entpr-U n restricted Cash increased due a 35% increase in rounds of golf over prior year due to a COVID related shut down in Fiscal Year 2020. ProprietaryFunds (R12)Entpr-TotalCurrentAssets Increase in cash due to a 35% increase in rounds of golf due in part to COVID related shut down in Fiscal Year 2020. ProprietaryFunds (R56)Entpr-NetPensionLiability Encinitas Ranch Golf Course has no pension liability Total Footnote: 9 https://Igrsonline.sco.ca.gov/FormSPD/PrintAlISPD 16/17